Automation Anywhere

Robotic process automation (RPA) is the use of software that mimics human interaction with core systems, web and desktop applications to execute processes.

RPA is an effective cost and time enabler, complementing any digital transformation journey to streamline business processes, achieve profitability and maintain a competitive advantage.

About Us

Automation Anywhere is a global leader in Robotic Process Automation (RPA), empowering customers to automate end-to-end business processes with software bots – digital workers that perform repetitive and manual tasks, resulting in dramatic productivity gains, improved customer experience and more engaged employees.

Emulates a person by executing manual, repetitive tasks in existing applications


Makes decisions based on set rules

Integrates and updates seamlessly with other applications

Finance Process Automation can unlock the value of your finance team, by automating the tedious, manual accounting tasks that consume so much of their time and effort. An automated process that’s repeatable, organized, and transparent reduces exposure to risk and provides confidence in the reporting outcomes.

Finance process automation involves the use of software to automate key finance-related tasks with minimal human intervention.

It enables finance departments to:

Increase Operational Efficiency

Streamline manual processes to improve operations and reduce costs

Enhance Timeliness

Accelerate financial processes to provide timely information for business decision-making

Strengthen Governance

Tighten controls to improve accuracy and compliance with regulatory requirements

Empower Human Capital

Make the human workforce more productive and focused on value-added activities

Automated End-to-End Invoice Processing with RPA and AI – in the cloud

Every year, billions of invoices are generated and exchanged between supplier and buyer organizations. Information from these invoices needs to be read and processed quickly and efficiently and directly impacts most company’s bottom line.

Traditionally, organizations spend countless hours manually extracting the information and feeding that information into systems of records. The current way of operations results in knowledge workers performing mundane tasks such as data entry when they should be performing more value-added tasks. Manual processing also introduces costly errors into the workflow and adds additional complexity with manual approval workflows.

Automated End-to-End Invoice Processing with RPA and AI – in the cloud

A typical manual invoice process works as follows:


Documents are received via email or some form of a mail room.


Invoices are downloaded and classified based on the different vendor types.


Relevant data from invoices such as invoice number, supplier info, amount and others are retrieved and entered into a system of record such as an ERP system.


This data is then reconciled with a purchase order (PO) and then routed for approval if it passes validation.

The problem with Manual Processes:

Manual data entry errors by workers

Inability to efficiently manage the data

Lack of visibility to track Accounts Payable (AP) processes

Key information can be missed / not captured

Resolving issues takes time, slowing down processes

At a time when maintaining the bottom line is critical, issuing accurate payments faster with fewer resources is key.

AI and Robotic Process Automation (RPA) empower accounts payable teams to automate invoice processing to beat the deadline, ensure accuracy, and achieve up to 80% cost savings.

AI-powered bots can:

Overcome challenges of extracting unstructured data from myriad invoice formats
Automate invoice workflows and increase straight-through processing rates
Identify discrepancies and flag exceptions for faster resolution
Process invoices in the cloud seamlessly with no setup required

Robotic Process Automation (RPA) is the most effective way to automate any procure-to-pay process. It’s easy to deploy, it offers the highest ROI, and when combined with AI, it can even process unstructured data.

Read how iOCO ‘s automation specialists, integrated Automations Anywhere’s IQ-Bot with Syspro to fully automate the accounts payable process and improve supplier engagement, gain visibility into outstanding payments and streamline payment processes.

There are many Automation Use Cases in Finance and Accounting:

Financial Ops & Accounting

  • Financial Ops & Accounting
  • General Ledger Close
  • Reconciliations
  • Manual Journal Entries
  • Intercompany Settlements
  • Fixed Asset Management
  • Regulatory & External Reporting

Financial Planning & Analysis

  • Financial Planning & Analysis (FP&A)
  • Budgeting
  • Forecasting
  • Variance Analysis
  • Management Reporting

Treasury Operations

  • Treasury Operations
  • Bank Statement Consolidation
  • Consolidated Cash Position Reporting
  • Cashflow Forecasting
  • FX Exposure Forecasting & Hedging
  • ACH/Wire Payments

Tax Operations

  • Tax Operations
  • Tax Provisioning
  • Tax Compliance
  • Tax Accounting
  • Data Management & Reconciliation

Accounts Payable

  • Accounts Payable
  • Vendor Setup
  • Purchase Order Creation
  • Invoice Validation Invoice & Lease Payments
  • Travel & Expense Reimbursements
  • Payables Reporting

Accounts Receivable

  • Accounts Receivable
  • Customer Setup
  • Sales Order Processing
  • Invoice Creation
  • Collections
  • Payment Processing
  • Receivables Reporting

Discover how we can automate your financial processes to save costs, improve accuracy and efficiency.

Discover how to automate your invoices through a solution demo with an iOCO expert today

Download the case study using the form below.

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